3016 Meyer COURT #7RacineWI53406
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Racine at 3016 Meyer COURT #7, Racine, WI, 53406 listed at $241,000 pairs $1,921/mo rent with a $1,180/mo payment. Total monthly income runs $1,921/mo. Return on cash invested measures 19.66% in year one, and rental yield registers 9.57% at a $241,000 basis. Equity gained on principal adds $1,555/yr, and annual property appreciation at 5% supports $66,584 by year five. Five-year ROI tracks 103.96% and total cumulative return in cash totals $83,056. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,921/mo property income relative to a $1,180/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53406, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,581 (100%) |
| Owner Occupied HU | 8,258 (65.6%) |
| Renter Occupied HU | 3,828 (30.4%) |
| Vacant Housing Units | 495 ( 3.9%) |
| Median Home Value | $315,200 |
| Average Home Value | $338,626 |
Housing Distribution
Address Breakdown
Residential
12,535
Single Family
10,627
Multi-Family
1,908
Businesses
790
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